You'd think an unlimited warranty would put a company out of business.
But no. The natural history of a hunter is that they use each scope less and less as the decades go on, so from an accountant's perspective it's a diminishing liability.
Suppose the company budgets for 5% returns over the lifetime: 4.5% returns = happiness; 5.5% returns = misery.
And each Leupold scope gets used for a loong time. Look how many VX-1 scopes are still out in the hills. The M8 (fixed 4x32) are mostly in cupboards now, accumulating nostalgia even if their seals are perished to dust. So, the gradual replacement with genuinely superior models is also a hedge against warranty bankruptcy.
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